Francisco Partners Announces Final Closing of $3.3 Billion Third Credit Fund
Francisco Partners (FP) has announced the final closing of FP Credit Partners III, a $3.3 billion opportunistic credit fund, exceeding its target of $2.3 billion. The fund follows its $2.2 billion predecessor fund and will focus on technology-driven businesses seeking growth and strategic financing solutions.
The credit platform leverages FP's sectoral expertise to invest in traditional credit financings and flexible capital solutions. Since its 2018 launch, FP Credit has partnered with various companies including Zotec Partners, Zocdoc, and Eventbrite (NYSE: EB).
The fund attracted diverse investors across multiple continents, including pension funds, foundations, endowments, insurance companies, sovereign wealth funds, and family offices. Kirkland & Ellis LLP served as legal advisor for the fund.
Francisco Partners (FP) ha annunciato la chiusura finale di FP Credit Partners III, un fondo di credito opportunistico da 3,3 miliardi di dollari, superando il suo obiettivo di 2,3 miliardi di dollari. Il fondo segue il suo precedente fondo da 2,2 miliardi di dollari e si concentrerà su imprese guidate dalla tecnologia che cercano crescita e soluzioni di finanziamento strategico.
La piattaforma di credito sfrutta l'expertise settoriale di FP per investire in finanziamenti di credito tradizionali e soluzioni di capitale flessibile. Dalla sua lancio nel 2018, FP Credit ha collaborato con diverse aziende tra cui Zotec Partners, Zocdoc e Eventbrite (NYSE: EB).
Il fondo ha attratto investitori diversificati provenienti da più continenti, tra cui fondi pensione, fondazioni, dotazioni, compagnie assicurative, fondi sovrani e family office. Kirkland & Ellis LLP ha servito come consulente legale per il fondo.
Francisco Partners (FP) ha anunciado el cierre final de FP Credit Partners III, un fondo de crédito oportunista de 3,3 mil millones de dólares, superando su objetivo de 2,3 mil millones de dólares. El fondo sigue a su fondo predecesor de 2,2 mil millones de dólares y se centrará en empresas impulsadas por la tecnología que buscan crecimiento y soluciones estratégicas de financiación.
La plataforma de crédito aprovecha la experiencia sectorial de FP para invertir en financiaciones de crédito tradicionales y soluciones de capital flexibles. Desde su lanzamiento en 2018, FP Credit se ha asociado con varias empresas, incluyendo Zotec Partners, Zocdoc y Eventbrite (NYSE: EB).
El fondo atrajo a diversos inversores de múltiples continentes, incluidos fondos de pensiones, fundaciones, dotaciones, compañías de seguros, fondos soberanos y oficinas familiares. Kirkland & Ellis LLP actuó como asesor legal para el fondo.
프란시스코 파트너스 (FP)는 FP 크레딧 파트너스 III라는 33억 달러 규모의 기회론적 신용 펀드의 최종 마감을 발표했습니다. 이는 23억 달러라는 목표를 초과한 수치입니다. 이 펀드는 22억 달러 규모의 이전 펀드를 따르며, 성장과 전략적 자금 조달 솔루션을 모색하는 기술 중심의 기업에 집중할 예정입니다.
신용 플랫폼은 FP의 분야별 전문성을 활용하여 전통적인 신용 자금 조달 및 유연한 자본 솔루션에 투자합니다. FP 크레딧은 2018년 출범 이후 Zotec Partners, Zocdoc 및 Eventbrite (NYSE: EB)와 같은 여러 기업과 협력해 왔습니다.
이 펀드는 연금 기금, 재단, 기부금, 보험 회사, 국부 펀드, 가족 사무소를 포함한 여러 대륙의 다양한 투자자들을 끌어들였습니다. 펀드의 법률 자문은 Kirkland & Ellis LLP가 맡았습니다.
Francisco Partners (FP) a annoncé la clôture finale de FP Credit Partners III, un fonds de crédit opportuniste de 3,3 milliards de dollars, dépassant son objectif de 2,3 milliards de dollars. Le fonds fait suite à son fonds précédent de 2,2 milliards de dollars et se concentrera sur des entreprises axées sur la technologie cherchant à croître et à trouver des solutions de financement stratégique.
La plateforme de crédit s'appuie sur l'expertise sectorielle de FP pour investir dans des financements de crédit traditionnels et des solutions de capital flexibles. Depuis son lancement en 2018, FP Credit a établi des partenariats avec diverses entreprises, notamment Zotec Partners, Zocdoc et Eventbrite (NYSE: EB).
Le fonds a attiré des investisseurs diversifiés provenant de plusieurs continents, notamment des fonds de pension, des fondations, des dotations, des compagnies d'assurance, des fonds souverains et des family offices. Kirkland & Ellis LLP a été le conseiller juridique pour le fonds.
Francisco Partners (FP) hat den endgültigen Abschluss von FP Credit Partners III bekannt gegeben, einem opportunistischen Kreditfonds in Höhe von 3,3 Milliarden Dollar, der sein Ziel von 2,3 Milliarden Dollar übertrifft. Der Fonds folgt seinem Vorgängerfonds in Höhe von 2,2 Milliarden Dollar und wird sich auf technologiegetriebene Unternehmen konzentrieren, die Wachstum und strategische Finanzierungslösungen suchen.
Die Kreditplattform nutzt die branchenspezifische Expertise von FP, um in traditionelle Kredite und flexible Kapitallösungen zu investieren. Seit seiner Gründung im Jahr 2018 hat FP Credit mit verschiedenen Unternehmen wie Zotec Partners, Zocdoc und Eventbrite (NYSE: EB) zusammengearbeitet.
Der Fonds zog vielfältige Investoren aus mehreren Kontinenten an, darunter Pensionsfonds, Stiftungen, Endowments, Versicherungsunternehmen, Staatsfonds und Family Offices. Kirkland & Ellis LLP fungierte als rechtlicher Berater für den Fonds.
- Successful fundraising of $3.3B, exceeding $2.3B target by 43%
- Fund oversubscribed, indicating strong investor confidence
- Significant growth from previous fund ($2.2B to $3.3B)
- Diverse global investor base across multiple institutional categories
- None.
Insights
The successful closing of Francisco Partners' third credit fund at
For companies like Eventbrite (EB) and other tech firms, this expanded capital pool represents enhanced access to flexible financing solutions beyond traditional banking channels. The fund's ability to provide customized credit structures and hybrid capital solutions is particularly valuable in the current market environment, where companies seek strategic growth capital while minimizing equity dilution.
The
For investors and market participants, this successful fundraise indicates: 1) Strong institutional appetite for tech-focused credit investments across various global markets, 2) Validation of the hybrid capital approach that combines traditional credit with flexible structuring and 3) Growing recognition of technology sector lending as a distinct and attractive investment strategy within private credit markets.
The diverse partner base, spanning multiple continents and investor types, suggests broad-based confidence in both the strategy and the technology sector's growth prospects. This extensive capital base positions Francisco Partners to potentially capture larger deals and provide more comprehensive financing solutions to technology companies seeking growth capital or strategic financing alternatives.
Consistent with the prior two funds, FP Credit Partners III will seek to leverage the deep sectoral expertise of the broader FP platform and invest in a variety of structures ranging from traditional credit financings to flexible capital solutions.
“Since we launched our credit business in 2018, FP Credit has been a partner of choice for technology-driven businesses seeking growth and strategic financing solutions. Our differentiated and flexible approach to each situation allows us to creatively structure credit and hybrid capital designed to meet the specific needs of companies,” said Scott Eisenberg, Head of Credit and Structured Solutions at Francisco Partners. “Our team prides itself as a “one-stop” destination focused on partnership capital that aligns with the goals and expectations of existing management and owners. As the demand for our form of capital grows, we look forward to partnering with more innovative and important companies.”
Through its credit platform, FP has partnered with a diverse list of companies that includes Zotec Partners, a provider of comprehensive RCM solutions for hospital and office-based physician practices, Zocdoc, a leader in online healthcare discovery and appointment booking, Eventbrite (NYSE: EB), a self-service event ticketing and experience technology platform, and many others.
“Taking a “one firm” approach and incorporating credit and structuring expertise alongside our private equity platform has broadened Francisco Partners’ reach in the technology ecosystem. With FP Credit Partners III, we are excited to continue to invest opportunistically and support businesses across our credit strategies,” said Dipanjan “DJ” Deb, Co-Founder and CEO of Francisco Partners. “We greatly appreciate the trust and support of our new and long-term limited partners. We know that with each new fund commitment we must prove ourselves again, and we will work tirelessly to effectively deploy this capital.”
Francisco Partners’ limited partners include both new and existing investors across
Kirkland & Ellis LLP served as legal advisor on FP Credit Partners III.
About Francisco Partners
Francisco Partners is a leading global investment firm that specializes in partnering with technology and technology-enabled businesses. Since its launch 25 years ago, Francisco Partners has invested in over 450 technology companies, making it one of the most active and longstanding investors in the technology industry. With over
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Francisco Partners
Whit Clay
wclay@sloanepr.com
Source: Francisco Partners
FAQ
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